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El-Erian says the rising price of gold is due to the diversification of the dollar


El-Erian says the rising price of gold is due to the diversification of the dollar

(Bloomberg) — Mohamed El-Erian says gold's rise to new record levels reflects the deliberate diversification of global financial institutions away from the U.S. dollar. Most read by Bloomberg Gold bullion climbed to its highest ever level on Wednesday, around $2,758.49, as investors focused on key macro risks in the coming weeks – from ongoing unrest […]